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Aadhaar Password: How to Open e – Aadhaar Card PDF Easily

Downloaded your e-Aadhaar and can’t open the PDF? Feeling stuck at the password prompt, wondering what it could be — your name, Aadhaar number or something else? Don’t worry, you’re not the only one facing this. The e-Aadhaar PDF comes with a built-in password for security, and it’s usually a combination of your personal details.

Read on to understand exactly what that password is, how to enter it correctly and
why the file password is protected.

What is an e-Aadhaar Card?

An e-Aadhaar card is basically a digital version of your physical Aadhaar card. It’s issued by the Unique Identification Authority of India (UIDAI) and contains all the same information — your Aadhaar number, name, date of birth, address and photograph.

What makes it convenient is that you can download it anytime from the UIDAI website and it’s considered just as valid as the printed Aadhaar card. It even comes with a digital signature from UIDAI to ensure authenticity. So, whether you’re applying for a service or just need to verify your identity, the e-Aadhaar works perfectly and you don’t have to worry about misplacing the physical card.

Also Read: Top 5 benefits of an Aadhaar card.

e Aadhaar Card Password Format

The password of an e-Aadhaar card is an 8-character long code that requires your card details. It is a combination of the first four characters of your name and your year of birth.

To understand e-Aadhaar card password format, consider the following hypothetical examples:

Name	Year of Birth	Password
JATIN KUMAR	1973	JATI1973
SURESH SHARMA	1985	SURE1985
JIA	1999	JIA1990
P.K. BHATIA	1993	P.K.1993

Why is an e-Aadhaar Password Required?

The password of an e-Aadhaar card generated by UIDAI is a security measure implemented to safeguard your privacy. Since this file is available to be downloaded online, it makes your personal and biometric information vulnerable to identity theft. So, password encryption is a safety measure, ensuring only you can download and view your card.

How to Download Your e-Aadhaar Card?

Here’s a quick guide to help you download your e-Aadhaar from the UIDAI website:

Go to the UIDAI official website (uidai.gov.in).

Scroll down and click on ‘Download Aadhaar’ under the ‘My Aadhaar’ section.

Select the option ‘Aadhaar Number’ and enter your 12-digit Aadhaar number.

Solve the captcha to prove you’re not a robot.

Click ‘Send OTP’ – you’ll get a one-time password (OTP) on your registered mobile number.

Enter the OTP and click ‘Verify and Download.’ Your e-Aadhaar will be downloaded as a PDF.

To open the file, you’ll need an 8-digit password. It’s the first 4 letters of your name (in CAPITALS) + your birth year.
Example: If your name is John and you were born in 1990, your password will be JOHN1990.

Once downloaded, open the file in the PDF software and unlock it using the e-Aadhaar card password in this format: XXXXYYYY, where the first 4 characters represent the first 4 letters and the last 4 characters represent your birth year.

How to Open Aadhaar Card PDF with Password After Download?

After following the steps mentioned in downloading your e-Aadhaar, you will discover that the PDF will be password protected. This ensures that every Aadhar cardholder’s privacy is safe and secure. But you can easily open the PDF using the following steps and your password for Aadhar card:

Firstly, you must know the file path which leads to the downloaded PDF file on your computer, and you must have a PDF reader that supports password protection and password removal.

After this, you have to locate the PDF file in the PDF viewer to unlock by typing in the password for the file.

After loading the file on the PDF viewer, there will be a way of typing the password before the file’s content is displayed. Type your password there and wait for the file to open.

Aadhaar card password format is different for every individual. It is an 8-letter combination of alphabets and numbers: the first four letters of your name in upper-case followed by the year of your birth in four numbers (/YYYY/).

Also Read: Link Aadhaar With a Bank Account.

With all the benefits in mind, you can rely on your e-Aadhaar Card as your ID-proof when you don’t have a physical copy. However, you must remember the Aadhaar card password format to unlock the file and access your card details. This is especially important when applying for credit, as lenders request it as a part of KYC documentation.

One way to get funds quickly using your e-Aadhaar is the Fibe Personal Loan. You can access up to ₹5 lakhs at pocket-friendly interest rates in just a few minutes. All you need to do is meet our simple eligibility criteria and submit a few basic documents.

So, download our Personal Loan App or register on the website and apply for speedy approval.

FAQs on e-Aadhaar Card Password

What is the password to open an Aadhaar in PDF?

The 8-digit password of e-Aadhaar card is a combination of your name and birth year. The first four digits are the first four letters of your name, followed by your birth year.

How can I unlock my Aadhaar card using a password?

If you have locked your Aadhaar card, then you can unlock it using a Virtual ID (VID), which is a temporary 16-digit random number. To generate a VID, send ‘RVID’ followed by the last four digits of your Aadhaar number to 1947 from your Aadhar-linked mobile number. Once you have your VID, you can visit the official UIDAI website and select the option to unlock. Then, enter your VID and generate the OTP or TOTP. After you enter the OTP, your Aadhaar card will be unlocked.

Is masked Aadhaar password protected?

Yes, a ‘masked Aadhaar card’ PDF is secured by locking the password so no other person can change anything. The password for e Aadhaar PDF is always the first 4 alphabets of your name and the year of birth in four-figure format.

Is e-Aadhaar equally valid like a physical copy of Aadhaar Card?

According to the government guidelines, an e-Aadhaar is valid just as same as a physical copy of the ‘Aadhaar card’ for all purposes.

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Credit Note: Its use, components and other important details

Businesses issue a GST credit note under special circumstances that allow them to correct any discrepancies in bills and invoices. It helps businesses maintain their account books without any discrepancies. Issuing credit notes is more convenient than reissuing new invoices, making them more favourable.

Read on to know the meaning of a credit note, its format, steps, procedure and more.

What is a GST Credit Note?

These are documents issued by sellers to adjust the amount of goods supplied in the original invoice. Sellers or suppliers issue this tax invoice in acknowledgement of a debt invoice raised by their buyer.

Sellers can use the credit memo to adjust the amount in future transactions instead of discarding the original invoice and creating a new one. This way, it becomes easier for them to track their transactions and maintain the balance in their books.

Suppliers can also issue a credit note to amend the GST liability of the original invoice. In this case, it can also be referred to as a GST credit note. A credit note also reduces the customers’ liability since they will get a discount or refund in the future.

To understand how a credit note works, here’s an example. Suppose you made a purchase worth ₹1 lakh, out of which ₹20,000 worth of products get damaged during the delivery. If you have already made the full payment for the goods, then you must ask for a refund.

After the supplier reviews the invoice, they will issue a credit memo that promises to refund or adjust the amount in future purchases. So, the next time you buy goods, you can get ₹20,000 off your billing amount by providing the credit note issued by the seller.

Also Read: What is GST? Important points to know

5 Uses of a Credit Note

Businesses can issue this document under Section 34(1) of the CGST Act 2017 to amend the tax liability of a tax invoice that has already been issued. Here are some instances where suppliers can issue a credit note:

If the amount on the invoice was more than the payable amount
If the buyer returns the goods, in case of quality issues, damage, pilferage or delivery of the wrong item
If the invoice did not account for discounts
If any pending payments against the invoice are cancelled
If the buyer received less quantity than what is mentioned in the invoice

GST Credit Note Format

According to the Harmonized System Nomenclature Service Accounting (HSN SAC) codes, a credit note should include the following details:

Name of the buyer and the supplier
Address and GSTIN of the buyer and the supplier
Nature and type of document
Serial number of up to 16 characters and date of issue
Quantity, rate amount and tax applied on the goods
Net taxable amount
Supplier’s or their representative’s signature

Steps to Generate a Credit Note

Issuing and generating this document is fairly easy once you identify the error in the original invoice. Once done, here is what you need to do to create this note:

Step 1: Confirm that you are eligible to issue a credit note as per the GST rules
Step 2: Choose a credit memo template
Step 3: Add the business and original invoice reference number
Step 4: Add the date and unique credit memo identification number
Step 5: Add value, quantity, description and other details from the original memo
Step 6: Calculate the new amount by deducting the value of the goods from the original amount
Step 7: State the reason for issuing the document clearly
Step 8: Provide a copy to the recipient and save one for future reference
Step 9: Revise your GST returns as needed and pay any adjusted tax amount, if necessary.

Also Read: Impact of GST on Personal Loans

Debit Note vs Credit Note in GST

Similar to a credit note, sellers can also issue a debit note, which helps them adjust tax liabilities and invoice value for the opposite reason. Check this table to know how they differ:

Basis of Difference	Debit Note	Credit Note
Issuance	When the taxable value in the original invoice is less	When the taxable value in the original invoice is more
Tax Liability of Buyer	Increases the tax liability of the buyer	Decreases the tax liability of the buyer
Credit Adjustment	It requests a credit adjustment to the account of the seller	It requests a credit adjustment to the account of the buyer

Such documents help you maintain your balance sheet and monitor the cash flow, which is crucial for a business to run smoothly. To maintain your cash flow, you can get a personal loan, which comes with no end-use restrictions. You can apply for a Fibe Personal Loan and get up to ₹5 lakhs in just 2 minutes at affordable rates and flexible tenures.

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FAQs on Credit Note

How do you write a credit note?

Here’s how you can issue this document:

Step 1: Verify you can issue the note as per the GST rules
Step 2: Pick a template for the credit note
Step 3: Provide your business details and original invoice number
Step 4: Add the date and a unique credit memo number
Step 5: Enter details of the goods from the original memo
Step 6: Compute the new invoice value
Step 7: Provide the reason behind issuing the document
Step 8: Provide a copy to the recipient and keep one for yourself
Step 9: Update your GST returns and pay the extra tax if needed

What is a credit note in short form?

Since it is also called a credit memorandum, its short form is ‘credit memo’.

What is a credit note PDF?

It is a soft copy of the credit invoice issued by the supplier.

Who gives a credit note?

The seller or supplier issues the credit memo or note to the buyer to amend the original invoice.

What is a credit note in a balance sheet?

In double-entry bookkeeping, sellers will debit the credit memo under revenues but credit it in the buyer’s account or accounts receivable.

What is a credit note in GST with example?

It’s a document that a GST-registered supplier issues to the buyer to adjust or reduce the liability in the original tax invoice due to errors or omissions.

For example, suppose a supplier initially charges a buyer ₹50,000 on a tax invoice but later realises an overcharge of ₹2,000 as GST. To rectify this error, the supplier will issue a credit note of ₹2,000 to the buyer.

Cess Tax Explained: Full Form, Meaning, How to Calculate & Example

The Central Government in India collects CESS on income tax to raise funds for specific public programs such as education, health or infrastructure. If we simply put, this is an additional tax charged on your income tax and used for a particular purpose unlike regular taxes that go into the general fund.

So, if you’ve ever wondered what is CESS tax, its full form, calculation, types and why it’s important then this guide breaks it all down in easy way for you.

What is CESS in Income Tax?

The CESS tax full form is Central Excise and Service Tax. It’s an additional tax that the Central Government collects on your income tax liability to fund specific welfare projects.

Here’s a simpler way to understand the cess tax meaning:

It’s a contribution you pay in addition to your regular income tax and the funds are used only for the purpose for which the cess was created.

Even though cess is deposited into the Consolidated Fund of India (CFI), it can only be withdrawn for the designated program, for example; health, education or disaster relief.

Key Takeaways:

Cess full form in tax: Central Excise and Service Tax

It is an additional charge on income tax, not a separate tax

Purpose-specific: Funds cannot be used for anything else

Temporary in nature: Discontinued once the goal is achieved

Common types include Education Cess, Health Cess and Road Cess

How to Calculate CESS on Income Tax?

Calculating cess is simple. It’s applied as a percentage on your total income tax liability.

Here’s a quick example to understand it better:

Particulars	Details
Annual Income	₹20,00,000
Total Income Tax Liability	₹4,00,000
Cess Rate	4%
Cess Amount	₹4,00,000 × 4% = ₹16,000
Total Tax Payable	₹4,00,000 + ₹16,000 = ₹4,16,000

So, if your tax payable is ₹4,00,000, and the cess rate is 4%, you’ll pay ₹16,000 as cess.

Importance of Collecting CESS on Income Tax

The government collects cess to fund important national projects or emergency needs that may not be covered by the regular budget.

Here’s why cess on income tax is important:

Supports specific sectors: Funds health, education, and rural development.

Fills budget gaps: When sectors need extra funding beyond regular allocations.

Drives welfare schemes: Helps launch or sustain schemes like mid-day meals, healthcare insurance, or disaster relief.

Temporary measure: Ensures funds are raised efficiently for short-term national goals.

Difference Between CESS and Other Taxes

Here’s a simple comparison to understand how CESS differs from regular taxes:

Basis	CESS
Purpose	Collected for a specific project or scheme
Duration	Temporary; ends once the target is achieved
Fund Usage	Used only for the stated purpose
Collection	Added on top of existing taxes
Example	Education Cess, Health Cess

Types of CESS on Income Tax

The government introduces different types of cess to meet targeted funding goals. Here’s a quick look:

Type of Cess	Purpose	Rate / Details
Health and Education Cess	For improving education and healthcare access for the Below Poverty Line (BPL) population	4% of income tax (including surcharge)
Cess on Crude Oil	For development of domestic oil and gas blocks	Variable (ad valorem rate)
Road and Infrastructure Cess	For developing roads and highways	₹1 per litre of petrol and diesel
Construction Workers Welfare Cess	To fund welfare schemes for construction workers	1% of construction cost
National Calamity Contingent Duty (NCCD)	To fund disaster relief programs	16% on select tobacco products (as per 2023 Budget)
GST Compensation Cess	To compensate states for GST revenue loss	Applied on luxury and demerit goods

Other Types of Cesses on Income Tax

Here are a few more cesses that have been introduced over the years:

Swachh Bharat Cess (0.5%) – Introduced in 2015 to fund cleanliness drives across India

Krishi Kalyan Cess (0.5%) – Introduced in 2016 to support agricultural growth and rural development

These were short-term measures and have now been subsumed under GST or discontinued.

Who is Liable to Pay CESS on Income Tax?

All taxpayers who are liable to pay income tax must also pay cess. This includes:

Individuals

Companies

Firms

Association of persons (AOPs) and body of individuals (BOIs)

Taxpayers paying surcharge on higher income are also liable to pay cess on the combined total

In short, every income tax payer contributes to cess as per the applicable rate.

Rate of CESS on Income Tax

The education and health cess rate currently stands at 4% of your total tax liability (including surcharge, if applicable).
Different types of cess may have varying rates, depending on the government’s objective.

Quick Example Recap

If your total income tax (including surcharge) is ₹5,00,000, then your cess = 4% × ₹5,00,000 = ₹20,000.
Your total payable tax = ₹5,00,000 + ₹20,000 = ₹5,20,000.

Taxes and cess may sometimes strain your monthly budget. But you can manage short-term financial gaps easily with the Fibe Instant Personal Loan. Get up to ₹5 lakhs at affordable rates with minimal paperwork and quick approvals.

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FAQs on CESS on Income Tax

1. What is the cess at 4% in income tax?

It’s the Health and Education Cess charged at 4% on your total income tax (including surcharge).

2. Who will pay a cess tax?

Every individual or entity liable to pay income tax must also pay cess.

3. What is the cess on income tax above ₹50 lakhs?

The cess rate remains 4% even if your income exceeds ₹50 lakhs — only the surcharge increases.

4. What is cess full form?

Cess full form is Central Excise and Service Tax.

5. What is cess tax meaning in simple terms?

Cess is an extra tax charged on income tax to raise funds for a specific public welfare purpose.

What is a UPI Reference Number (UTR Number)? How Do You Track It?

A UPI reference number lets you conveniently make and track all your digital payments. Developed by the National Payments Corporation of India, UPI provides better security to your transactions and account details and reduces the chances of fraudulent activities.

It allows you to send money from one account to another or initiate merchant payments effortlessly. This has been of great benefit to consumers as well as small businesses, who can now receive payments instantly.

To learn about the 12-digit UPI reference number tracking process, its steps, benefits and more, read on.

Introduction to UPI Reference Number

Once you execute a transaction from the UPI app, it will generate a specific number that can be used to track your purchases. This UPI reference ID is a unique 12-digit number.

Also Read: How to Create UPI ID?

Let’s say your payment status is not clear and it comes up as pending. This can be due to server issues or any other banking-related reason. You can use your reference number to communicate with the customer care team of the bank. This way, you can get the actual reason for the incomplete payment and authenticate the transfer.

Steps to Track the UPI Reference Number

Initiating the UPI reference number tracking process is simple and straightforward. Here are the steps you can follow:

Step 1: Launch the UPI App on your mobile phone
Step 2: Tap on the ‘Passbook’ or ‘History’ section
Step 3: Select the bank from which the transaction has been made
Step 4: Select the transaction for which you want the reference number
Step 5: Note the 12-digit reference number

You can also check online UPI transaction ID status and history by following these steps. Note that steps may vary slightly depending on the UPI app interface.

How to Find UPI ID

If you want to check your ID to receive payment, you can find it on your UPI app. Here is a UPI transaction ID tracking process you can follow.

Open the UPI app on your mobile
Navigate to the menu
Select your profile
Note your UPI ID containing the ‘@’ component

Also Read: What is VPA in UPI Payments?

Benefits of the UPI Reference Number

Now that you know the steps to initiate the UPI reference number tracking process, here are some of its significant benefits:

Tracking

This is the most important benefit of the reference number, as it acts as a crucial tool to solve discrepancies. You can generate all the details related to your payment without hassles.

Security

It improves the security of your UPI-based digital transaction by replacing your banking details with a 12-digit code. So, in case of delays, there’s no need to share your personal information with the customer service provider.

Efficiency

It simplifies the fund transfer process, replacing the traditional time-consuming methods, such as IMPS and NEFT. What’s more, you needn’t verify the account details and can handle the payment within a matter of seconds.

Also Read: Top Online UPI Payment Apps in India

Difference Between UPI Reference ID and UPI ID

It is common to get confused between UPI reference IDs and UPI IDs. However, these two are different identification numbers with varying functions.

A Reference ID or number, as mentioned earlier, is a 12-digit code that allows you to track your UPI transactions
A UPI ID is a virtual payment address that every user needs to generate to access UPI services
Using this UPI ID, banks can track a user’s account easily, but reference ID is to track payments

Remember, your UPI IDs vary across banks. So, if you have a bank account in HDFC Bank, then your UPI ID will be XXXX@hdfcbank. By following the UPI transaction ID tracking process, you can check your UPI ID for receiving payment without sharing your bank details.

In case of any unauthorised or incomplete transaction, the UPI reference number tracking process will help you assess its status and take the right steps. Keeping up with your finances is key to ensuring safety and financial wellness.

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FAQs on UPI Reference Number

How do I find my UPI reference number?

You can find the UPI reference number for your transaction by opening the ‘Passbook’ under the transaction history of your respective UPI app.

What is a UPI number?

A UPI number is an 8 to 10-digit number, which is a bank-verified identifier of your UPI ID. Using this number, you can receive payments irrespective of the UPI app you use.

How can I obtain the UTR number for a UPI transaction?

The UTR number is the tracking ID for your UPI transaction. You can easily get the number by checking the transaction history.

What is VPA: Virtual Payment Address Meaning and How to Create One

Virtual Payment Address (VPA) in UPI or Unified Payments Interface is a unique identifier of your account. It is a system that bypasses the need for bank account numbers and bank IFSC. You can use VPA to send or receive money, make bill payments and initiate merchant payments.

To learn more about VPA in payment, how it works, its benefits and more, read on.

What is a Virtual Payment Address?

If you are new to UPI, you may wonder, ‘What is VPA in UPI payments?’ Here’s what you need to know.

It is a unique ID attached to a user, which helps track a person’s UPI account. You need your virtual UPI ID along with the beneficiary details to whom you want to send money to execute an online transfer. Using VPA in payment, you don’t need to enter bank account details every time you transact.

A VPA typically looks like xyz@bankname, where the first part can be anything from your name’s initials or a registered mobile number. Here, the ‘bank name’ can be:

Name of the bank with whom you have an account
Bank with which the UPI app is associated
Just the word ‘UPI’
Handle used by the UPI app

How to Create VPA for UPI Payment

Now that you have understood the meaning of Virtual Payment Address, it is also necessary to understand how you can create this unique ID:

Step 1: Download and open third-party UPI app on your mobile device
Step 2: Enter the mobile number registered with your bank account
Step 3: Entering OTP received on your registered contact number for verification
Step 4: Tap on the ‘Add New UPI ID’ option
Step 5: Enter and choose a unique username before the ‘@’ symbol
Step 6: Click on ‘Submit’

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How VPA for UPI Payments Works

Once you have set the unique ID, you can use VPA in payments through a third-party application. This way, you can send money to merchants, contacts, or any other person with a UPI ID. Here are the steps you need to follow to send money using a VPA.

Step 1: Open the UPI application and tap on the ‘Pay Using UPI’ option
Step 2: Enter the receiver’s VPA and confirm if it is linked to the person to whom you wish to send the money
Step 3: Choose the VPA for making the payment if you have multiple UPI IDs
Step 4: Enter your MPIN and confirm the payment to send money to a receiver

Here is how you can use your VPA ID to receive money:

Step 1: Open the UPI application on your mobile device and choose the ‘Receive Via UPI’ option
Step 2: Enter the VPA of the person from whom you wish to receive funds
Step 3: Add the amount you wish to request
Step 4: Choose a VPA when you want the sender to send money if you have multiple UPI IDs
Step 5: Confirm sending the request and wait for the sender to approve the transaction

Also Read: How To Create Upi Id and Do Upi Registration?

Benefits of VPA in UPI Payments

The use of virtual UPI ID has several advantages, which have helped this digital system to grow gradually in India. These include:

Cost-effective Option

As UPI payments don’t charge any transaction fees, it is a cost-effective way to pay a person or merchant digitally.

Secure Payment Method

VPA eliminates the need to share sensitive bank details like bank account number and IFSC. Since you can share VPA linked with your bank account, it makes online transactions much safer.

Fast Processing

UPI transactions initiated via VPA provide a real-time processing facility. This means you can send or receive money in real time. You also don’t need to wait for the bank’s approval or provide many details for making transactions, which saves time.

Convenient to Use

Using VPA is quite easy and simple, as you only need the receiver’s UPI ID or send your UPI ID to receive payments. Moreover, you can carry out these transactions using a mobile device, making it more accessible.

Also Read: Top online UPI payment apps

UPI now also allows users to link their credit cards with VPA ID to facilitate online transactions. You can add the Fibe Axis Bank Credit Card to your third-party UPI app for quicker payment. It is India’s first numberless credit card to ensure higher security when you make transactions.

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FAQs on What is VPA in UPI Payments

How do I find my UPI VPA?

To find your Virtual Payment Address for UPI payment, follow these steps:

Open the third-party UPI application
Tap on the ‘Profile’ section
Tap the ‘Bank Account’ section
Choose the bank account whose VPA you want to check
See the UPI ID linked with that bank account

Is VPA and UPI ID the same?

Yes, they both are similar terms used interchangeably.

Will my VPA expire if I do not use it?

No, it is a personalised number linked to your account. Thus, it remains active until you have your account.

Is it possible to change an existing VPA?

Yes, you can change it by changing your details.

BSR Code: Meaning, Format & How to Find Yours Easily

If you’ve come across the term ‘BSR code’ while filing your taxes or making payments online, you might wonder what it means and why it’s important. BSR stands for Basic Statistical Returns code (that’s the BSR full form), a unique number assigned to every bank by the Reserve Bank of India (RBI).

This code makes filing TDS or TCS returns easier by ensuring your payments are linked to the right bank. BSR code means a unique identifier that helps the RBI track banks and helps the Income Tax Department monitor tax payments. Wondering what is BSR code in bank? It’s simply the bank’s ID that makes banking operations and tax filings more efficient.

Read on to learn more about how BSR codes work, why they matter and how they help both banks and taxpayers.

What is a BSR Code?

The Basic Statistical Return (BSR) code is a 7-digit code introduced by the Reserve Bank of India in December 1972. This code includes two sets of bank details:

The first three digits represent the bank name.

The next four digits indicate the codes of the respective bank branch.

Hence, all registered bank branches have a unique Basic Statistical Returns code. This code also allows the Income Tax Department to access their record of online payments made towards tax filings. It’s no surprise that the BSR code has been the most useful in preventing fraud when filing for Tax Deduction at Source (TDS) and Tax Collected at Source (TCS) returns.

Where are BSR Codes used?

As stated earlier, this code allows the Income Tax Department to track the TCS and TDS returns filed by the customer. Customers can also use this code to verify their online payment made towards the tax filing. You can find the code in the following documents:

Online Tax Accounting System (OLTAS) challan

Challan Identification Number (CIN)

TDS certificates

Classifications of BSR Codes

RBI classifies the Basic Statistical Return Codes into seven categories based on the types of returns as follows:

Code Classification	Description
BSR1	All the advance returns made by bank branches between the last Friday of June and DecemberConsists of two parts: Part I: Transactions exceeding the limit of ₹10,000 limitPart II: Transactions below ₹10,000
BSR2	Half-yearly return deposits made to all bank branches on the last Friday of June and December
BSR3	Monthly return advances from head offices made on the last Friday of each month towards the Security of Selected Sensitive Commodities
BSR4	Return made every two months on the ownership of deposit accounts from all bank branches on the last Friday of March
BSR5	Annual return on Bank Assets claimed by the head office at the end of March
BSR6	Applies to a quinquennial (recurring every 5 years) report on debits to bank deposits between the months of April and March during a financial year
BSR7	Applies to survey on Aggregate Deposits and Gross Bank Credit initiated by bank head offices on the last Friday of June, September and December and as of March 31, done quarterly

What’s the Purpose of the BSR Code?

The BSR Code (short for Basic Statistical Return Code) is a 7-digit number given by the Reserve Bank of India (RBI) to each bank branch in the country. Here’s why it’s important:

Identifies Bank Branches:
It helps the government and banks know exactly which branch a transaction happened at.

Helps with Tax Reporting:
Whenever you pay taxes (like TDS or advance tax) at a bank, the bank uses this BSR Code to report your payment to the Income Tax Department.

Keeps Banking Data in Order:
The RBI uses the BSR Code to collect important data from banks, like how much money people are depositing or borrowing.

Tracks Your Tax Payments:
It ensures that your tax payments are correctly matched with your account, so you get proper credit for the taxes you’ve paid.

In short, the BSR Code makes sure tax payments and banking information are organized, accurate and easy to track!

Benefits of Using BSR Codes

To summarise, here are the benefits of using Basic Statistical Returns codes:

Taxation – BSR codes help the Tax Department receive and compile data on taxes paid through digital banking.

International Taxation – As per International taxation norms, tax authorities require this code when sending money abroad. This is because it aids in creating tax remittances, which helps track international tax payments.

Speedy Pension – If a senior citizen is eligible for a pension, they must inform their bank branch to get the benefits. Providing the BSR code and account number allows authorities to locate the bank branch, helping senior citizens receive their pension quickly.

In conclusion, the Basic Statistical Return code plays a vital role in the banking system’s financial health by acting as an identification marker. Furthermore, it helps track taxpayers’ transactions when filing for taxes. Maintaining records of all payments is essential when filing taxes, helping you manage your finances.

Another way to manage your funds better is by opting for a Fibe Personal Loan to meet your financial needs. With our personal loan, you can get up to ₹5 lakhs at affordable interest rates. Applying at Fibe takes just a few minutes and you can get quick approval. So, just download the Personal Loan App or visit our website to get started.

FAQs on BSR Code

How can I know the BSR code?

You can find your BSR code on the OLTAS challan or TDS certificates.

Is the BSR code the same as the IFSC code?

No. BSR is a 7-digit code and IFSC is an 11-character code, but they both can help identify bank branches.

What is the difference between a BSR code and a branch code?

Branch codes are the last digits of an IFSC code that helps identify the bank branch transactions. On the other hand, the Basic Statistical Returns Code allows the Income Tax Department to track online payments made towards tax filing.

Difference Between CGST and SGST and IGST: All You Need To Know

It is crucial to know the difference between CGST and SGST, and IGST to file accurate returns. To further the ‘One Nation, One Tax’ policy, the Government of India introduced a new indirect tax regime called the GST in 2017. These three categories of GST simplify interstate and intrastate transactions.

To learn what is IGST, CGST and SGST and the differences between them, read on.

What is IGST?

Integrated Goods and Services Tax, or IGST for short, applies to the supply of goods and services across two or more states and their import and export in and out of India. The Central Government collects and distributes these taxes among the centre and the states.

For instance, if a trader from Telangana sells a good worth ₹2 lakhs to a customer from West Bengal, Integrated GST will apply. Supposing the applicable IGST rate is 18%, the buyer must pay ₹36,000.

What is CGST and SGST?

CGST and SGST full forms are Central Goods and Services Tax and State Goods and Services Tax. The Central Government has the authority to levy and collect CGST on the intrastate supply of goods and services. So, what is SGST?

A similar rate of SGST applies to intrastate supplies, which the concerned state government governs. The Central Government introduced it to merge previous state-level taxes, like the value-added tax, entertainment tax, luxury tax, entry tax and so on.

In other words, Central and State Governments combine their levies and agree on equal revenue-sharing. So, if a trader from Gujarat sells a good within the same state, both CGST and SGST will apply. According to the GST Act, the CGST and SGST rates on intrastate supplies cannot exceed 14%, i.e., the combined rate cannot be more than 28%.

Difference between IGST, CGST and SGST

Now that you know what is CGST, SGST and IGST, you must understand the things that set each of them apart. Check the following table to know the difference between CGST and SGST, along with IGST.

Basis	IGST	CGST	SGST
Applicability	Inter-state supply of goods and services	Intrastate supply of goods and services	Intrastate supply of goods and services
Collecting Authority	Central Government	Central Government	State Governments
Revenue Distribution	Between Central and State Government	Central Government	State Governments
Input Tax Credit Adjustment	You can use Input Tax Credit (ITC) either on IGST, CGST, or SGST	You can use ITC either on IGST or CGST	You can use ITC either on IGST or SGST

Now that you know the key points of IGST vs CGST vs SGST, it is crucial to know that GST applies only to businesses with a turnover of more than ₹10 lakhs. To fund your small business requirements and reach up to that turnover, you can get a Fibe Personal Loan of up to ₹5 lakhs at pocket-friendly rates starting at just 2% per month.

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FAQs on the Difference Between CGST, SGST and IGST

Why is GST split into CGST, SGST and IGST?

India is a Union of States with a federal setup with the centre and the states having distinct functions to perform. The Constitution of India provides both the centre and the states the authority to levy taxes to raise revenues for them. The split of GST into CGST, SGST and IGST allows the Indian Government to collect indirect taxes under the ‘One Nation, One Tax’ policy with the dual taxation system.

Who will collect IGST in India?

The Central Government collects Integrated Goods and Services Tax (IGST) and distributes it among the centres and states under the GST Act of 2017.

How does IGST adjust with CGST and SGST?

To adjust IGST, CGST and STGST, you need to set off the IGST liability first. You can then set off CGST or SGST from the balance. You can set off either of these first, as there is no difference between CGST and SGST rates.

How GST is related to CGST, SGST, IGST and slab rates?

The GST Act of 2017 divides rates into four slab rates, i.e., 0% (nil-rated), 5%, 12%, 18% and 28%. CGST, SGST and IGST rates correspond to these rates only. For instance, if the GST rate applicable to the supply of a good or service is 12%, the CGST and SGST rates will be 6% each and the IGST rate will be 12%.

Term Loan: All you need to know

A term loan offers an excellent means of financing when a business experiences a shortage of funds. Businesses need capital to cover their day-to-day operations and capitalise on growth opportunities. These expenses include paying rent for the workspace, purchasing raw materials, paying suppliers and covering utility bills.

Read on to learn what is a term loan, its types and more.

What is a Term Loan?

For better clarity on the concept, here’s all you need to know about the term loan’s definition. A term loan is a financing option for businesses with specific borrowing terms. It helps organisations address their operational requirements and tap into potential growth opportunities.

The repayment amount includes a part of the principal and the interest. The interest rate for the loan can be fixed or floating. Lenders assess the business’ creditworthiness by checking their credit score and financial standing before approval.

Also Read: Long Term Or Short Term Loans

Various Types of Term Loans

A term loan is categorised into the following types:

Short-term Loans

Short-term loans have a tenure of less than a year and are ideal for businesses requiring urgent funds to meet various needs. These loans are offered to companies not eligible for a line of credit.

Intermediate-term Loans

Intermediate-term loans are ideal to address business requirements for a slightly more extended period, as these forms of credit have tenures varying between 2 and 5 years. Businesses can conveniently repay these loans in equated monthly instalments (EMIs) from their cash flow.

Long-term Loans

Long-term loans are ideal for businesses planning to expand their operations or make investments. After all, these loans have higher repayment options that can go up to 30 years. If you plan to start a new venture, this type of credit is the best option.

That said, lenders may require you to pledge your valuable asset as collateral to manage the risk of default. Simply choose monthly or quarterly EMIs to repay the loan amount conveniently from your business’s cash flow or profits.

Features and Benefits of a Term Loan

Here are some attractive features and benefits associated with a term loan:

The rate of interest for the loan is based on the associated risk, the loan amount that the business requires and the loan tenure
Businesses need to provide collateral as security for long-term goals to cover the risk of default
Some financial institutions allow businesses to repay the borrowed amount before the scheduled repayment period
The business needs to repay the borrowed amount within the specified period regardless of the profitability or the financial situation of the business
Loan repayment within the scheduled term in instalments can increase the credit score and hence, the creditworthiness of the business

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At Fibe, you can avail of a loan of up to ₹5 lakhs with easy-to-meet eligibility criteria and minimal paperwork. You can get this loan at affordable interest rates and convenient repayment options for added convenience. Download the Personal Loan App or log in to our website and apply today to get the funding quickly!

FAQs on Term Loan

What is the meaning of a term loan?

A term loan is a credit facility offered to businesses to meet operational requirements. Remember, you need to repay the loan within a fixed timeline.

What are the three 3 types of term loans?

You can categorise term loans into 3 types:

Short-term loans
Intermediate-term loans
Long-term loans

What is the difference between a demand loan and a term loan?

The main differences between demand and term loans are flexibility and affordability. While the former does not have a fixed repayment schedule, you need to repay your term loan as per the set timeline. Also, lenders may insist that you repay the loan anytime, even within a short notice period. That’s not so in the case of term loans.

Who is eligible for a term loan?

To apply for a term loan, you must be an Indian citizen. The business must be engaged in the particular sector for at least 3 years. Lenders also check the credit score and finances to ensure the company is financially strong.

What is an example of a term loan?

A few term loan examples include personal loans, vehicle loans, home loans, loans against property and many others. You can choose an option that best suits your requirements.
Here’s a term loan example to help you understand the concept better. Suppose you require immediate funds to purchase equipment for your business. In this case, you can get a short-term equipment financing loan with a tenure of 12 months. You can repay the borrowed amount within the stipulated timeline without hassles.

Steps to Link an Aadhaar Card with a Ration Card

You need to link an Aadhaar card with a ration card to enjoy various government subsidies. A ration card is an essential government document that allows individuals to get food, gasoline and grains at subsidised rates. Linking your ration card with your Aadhaar card also helps prevent identity theft, ensuring that fake cardholders do not take advantage of these benefits.

You can initiate an Aadhaar card-ration card linking process through online and offline modes. Read on to learn how to link an Aadhaar card with a ration card.

Steps to Link an Aadhaar Card with a Ration Card Online

Here are the steps you need to follow to link an Aadhaar card with a ration card online:

Step 1: Visit the PDS (Public Distribution System) portal of your state
Step 2: Navigate and select the option of linking your Aadhaar number with active cards
Step 3: Enter your ration and Aadhaar card numbers
Step 4: Provide your registered mobile number
Step 5: Click on the ‘Submit’ option
Step 6: You will receive an OTP on your mobile phone
Step 7: Enter the OTP to proceed and you will be notified via SMS after the process is complete

Also Read: Top 5 benefits of an Aadhaar card

Steps to Link an Aadhaar Card with a Ration Card Offline

Follow these steps to link an Aadhaar card with a ration card offline:

Step 1: Visit the nearest ration shop
Step 2: Take copies of the ration card and the Aadhaar card of all members of your family, along with passport-size photos
Step 3: You need to provide a copy of your bank passbook in case your bank account has not been linked to your Aadhaar number
Step 4: Submit copies of these documents to the PDS shop
Step 5: You may need to provide your fingerprint authentication for Aadhaar card verification

Steps to Link an Aadhaar Card with a Ration Card Through SMS

Follow this method to execute an Aadhaar card-ration card linking process via SMS:

Step 1: Type ‘UID SEED State Short Code> Scheme Short Code> Scheme ID> Your Aadhaar Number>’

Step 2: Send the text message to 51969 and you will get a notification via SMS

You will get the status of the Aadhaar card-ration card linking process immediately.

Also Read: Link Aadhaar With A Bank Account

Documents Required to Link an Aadhaar Card with a Ration Card

Check out the documents you need to submit to link an Aadhaar card with a ration card:

Original ration card for verification at the centre
Photocopies of the ration card
Photocopies of Aadhaar cards of every member of the family
Photocopy of the Aadhaar card of the head member of the family
Passport-size photos of the head member of the family
Bank passbook copy in case the Aadhaar number is not linked to the bank account

Benefits of Linking an Aadhaar Card with a Ration Card

Here are the benefits associated when you execute the Aadhaar card-ration card linking process:

Acts as evidence of your identity and residence proof
Aids in better planning and management of resources provided by the government
Helps avoid the exploitation of government subsidies

With this information in hand, you can easily link your Aadhaar card with a ration card hassle free. While a ration card helps you get essentials at affordable rates, another option to manage your immediate expenses is to opt for an instant cash loan.

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How to Check Aadhaar-Ration Card Linking Status?

You can easily get government benefits and payments by linking your Aadhaar number to your Ration card. Verify your aadhar link with ration card by doing these things:

Visit the Official Portal

You can go to the Department of Food and Civil Supplies page or the link for your state’s Public Distribution System (PDS). Make sure you go to the right page because each state has a different port address.

Locate the Linking Status Section

Find a choice that says “Aadhaar-Ration Card Link Status” or something similar. Most of the time, this is under “ration card services.”

Enter Required Details

Fill in the blanks with your Aadhaar number and Ration card number. Make sure you read the information twice to avoid mistakes.

Complete Captcha Verification

Type in the captcha code that appears to prove that you are human and that your request is real.

View Linking Status

To send, click the “” button. The method will show if your Aadhaar number is tied to your ration card.

If there are any gaps in the joining process, follow the portal’s steps to finish the process. Aadhar link with ration card helps to guarantee that you won’t lose access to benefits and vital services.

Why is it Important to Link Aadhaar with Ration Card?

Linking your Aadhaar card to your Ration card is a big step towards making the public distribution system work better and be more open. This connection is good for both the users and the government because it makes it easier to handle resources well.

1) Eliminates Duplicate and Ghost Cards

By linking Aadhaar to the Ration card, the government removes “ghost cards,” which are fake or duplicate ration cards. This ensures that only qualified people get their fair share of free food grains and other needs through the Public Distribution System (PDS). This stops people from cheating the system.

2) Targets Welfare Benefit Delivery

By connecting an Aadhar number to a help program, free food grains and other benefits will reach the right people. This keeps things running smoothly and ensures the right people get the rewards at the right time.

3) Streamlined Verification Process

Adding Aadhaar to the Ration card makes the checking process easier and faster. The government can quickly confirm a person’s name, which speeds up the process of getting inexpensive things.

4) Enhances Government Resource Management

Adding your Aadhaar number to your Ration card helps track who gets the benefits, making it easier to manage. It also helps the government know how many people live in the country and how much they spend so they can make better plans and use resources wisely.

Linking Aadhaar to a meal card can improve government efficiency, reduce fraud and ensure that the right people get the resources they need when they need them most.

FAQs on How to Link an Aadhaar Card with a Ration Card

What is e-KYC for a ration card?

E-KYC for a ration card refers to verifying an individual’s identity digitally through Aadhaar authentication.

How to link Aadhaar with a ration card online in Maharashtra?

You can link your Aadhaar card with your ration card online in Maharashtra through the state’s Public Distribution System (PDS) portal.

How do I know if my Aadhar card is linked to ration card?

On the government website or at a PDS location, you may examine whether your Aadhaar number matches your food card.

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Salary Account VS. Savings Account: 5 Important differences to know

Knowing the varying features of a salary account vs a savings account helps you choose a feasible option. To begin with, a savings account is a financial product that helps you keep your money secure and earn nominal interest.

On the contrary, a salary account is available only if you get a salary and your employer has partnered with the bank. Apart from this, knowing the other difference between a salary account and a savings account is pertinent in choosing the ideal option.

Read on for more insights into a salary account vs a savings account.

What is a Savings Account?

Most banks offer a savings account as a deposit account facility where you can park your funds and earn interest on it. Anyone can open this account, whether salaried or not. Moreover, individuals under 18 years of age can have a savings account which is under their parent or guardian’s ownership.

What is a Salary Account?

A salary account is a type of dedicated savings account where employers directly deposit the employee’s salary. Generally, companies tie up with banks to open an account for their employees. This account requires zero minimum balance, and you earn interest.

Also Read: 5 Best banks for savings accounts in India

Salary Account VS. Savings Account: Differences

Here are some crucial points of difference between a savings account and a salary account:

Purpose

When comparing a salary account vs a savings account, the main difference between them is their purpose. A salary account provides you with the facility of receiving your salary every month. In contrast, a savings bank account allows you to keep all your funds, whether from salary or otherwise.

Minimum Balance

A salary account generally does not have a minimum balance requirement, so you can withdraw your complete salary amount without any penalties. On the other hand, a savings account can have a minimum balance requirement, depending on your bank and the type of account you choose. If you don’t maintain the balance, you will have to pay a penalty.

Interest

Another important to consider when comparing salary account vs a savings account is their interest. While the rates are generally the same, their calculation and compounding principles are different. However, this depends entirely on the bank and the type of account you have.

Eligibility

Any individual can open a savings account by providing the necessary documents. However, only corporate employees can open a salary account, which is generally created by the employer.

Convertibility

In case of no credit for more than three months, your salary account will automatically convert into a savings account. Thereafter, you must maintain the minimum balance requirement similar to a savings account.

However, this does not happen if you have a savings account. But you can choose to convert a savings account into a salary account, provided your employer has a tie-up with the bank.

Similarities Between Salary and Savings Accounts

Now that you know the difference between a salary account and a savings account, here are the similarities between them.

Convenience of opening an account at any bank with a simple process
Banks offer passbooks, chequebooks, debit cards, digital fund transfer facilities, and other options
You can opt for SMS and email alerts for your accounts
There are multiple charges on your account, such as cash deposit and withdrawal
Most banks provide internet banking, phone banking, and mobile app facility
You can get your periodic account statement delivered through email
Enjoy 24/7 banking and customer services, depending on the bank

Comparing the differences and similarities of a salary account vs a savings account helps you zero in on the best option. That said, if you require immediate funds to bridge monetary gaps, you can apply for Personal Loan to get hassle-free credit.

You can get up to ₹5 lakhs at affordable interest rates, with minimum documentation, in just 2 minutes. With simple eligibility criteria and an entirely digital application process, you can get the funds you need effortlessly. Download the Personal Loan App or register on our website to apply in just a few clicks.

FAQs on Salary vs Savings Account

Can I put my salary in a savings account?

Yes, you can withdraw your salary from your salary account and transfer it to your savings account.

Who can open a salary account?

An employer can open a salary account for all their employees if they have a tie-up with the bank.

Should we transfer money to a salary account?

If you deposit funds into your salary account, be it from another source of income or as a gift, then you must disclose it in your tax filing. Additionally, this is available depending on your bank.

What are the benefits of a salary account?

While it has many benefits, the primary benefit of a salary account over a savings account is that it has no minimum balance requirements.